Wasatch Advisors LP Cuts Stake in PDF Solutions, Inc. (NASDAQ:PDFS)

Wasatch Advisors LP lowered its stake in shares of PDF Solutions, Inc. (NASDAQ:PDFS - Free Report) by 5.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,186,374 shares of the technology company's stock after selling 65,332 shares during the quarter. Wasatch Advisors LP owned about 3.06% of PDF Solutions worth $32,127,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. KBC Group NV grew its position in PDF Solutions by 91.6% in the fourth quarter. KBC Group NV now owns 2,000 shares of the technology company's stock valued at $54,000 after acquiring an additional 956 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in PDF Solutions in the 4th quarter valued at approximately $160,000. Empowered Funds LLC acquired a new stake in PDF Solutions during the 4th quarter worth approximately $165,000. Dynamic Technology Lab Private Ltd bought a new stake in PDF Solutions during the 4th quarter worth approximately $232,000. Finally, LPL Financial LLC increased its position in PDF Solutions by 13.2% in the 4th quarter. LPL Financial LLC now owns 10,101 shares of the technology company's stock valued at $274,000 after acquiring an additional 1,175 shares during the period. 79.51% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Michael B. Gustafson bought 4,000 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were bought at an average cost of $23.06 per share, for a total transaction of $92,240.00. Following the acquisition, the director now directly owns 22,574 shares in the company, valued at approximately $520,556.44. This trade represents a 21.54 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John Kachig Kibarian purchased 34,356 shares of the firm's stock in a transaction on Monday, February 24th. The shares were acquired at an average price of $22.80 per share, with a total value of $783,316.80. Following the purchase, the chief executive officer now directly owns 2,507,112 shares in the company, valued at $57,162,153.60. This represents a 1.39 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 11.13% of the company's stock.

PDF Solutions Stock Performance

Shares of NASDAQ:PDFS traded up $0.21 during midday trading on Tuesday, reaching $17.19. The company's stock had a trading volume of 47,280 shares, compared to its average volume of 182,173. PDF Solutions, Inc. has a fifty-two week low of $15.79 and a fifty-two week high of $39.70. The firm has a 50 day moving average price of $20.45 and a two-hundred day moving average price of $26.20. The firm has a market capitalization of $672.37 million, a price-to-earnings ratio of 171.79 and a beta of 1.62.

PDF Solutions (NASDAQ:PDFS - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.15). The business had revenue of $50.09 million for the quarter, compared to the consensus estimate of $49.40 million. PDF Solutions had a return on equity of 3.94% and a net margin of 2.26%. As a group, research analysts anticipate that PDF Solutions, Inc. will post 0.32 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on PDFS shares. StockNews.com cut shares of PDF Solutions from a "buy" rating to a "hold" rating in a research note on Monday, April 14th. Northland Securities reissued an "outperform" rating and issued a $45.00 price target on shares of PDF Solutions in a research note on Tuesday, December 24th. DA Davidson lowered their price objective on PDF Solutions from $36.00 to $24.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Rosenblatt Securities reduced their target price on PDF Solutions from $40.00 to $37.00 and set a "buy" rating on the stock in a report on Friday, February 14th.

PDF Solutions Profile

PDF Solutions, Inc provides proprietary software and physical intellectual property products for integrated circuit designs, electrical measurement hardware tools, proven methodologies, and professional services in the United States, China, Japan, and internationally. The company offers Exensio software products, such as Manufacturing Analytics that store collected data in a common environment with a consistent view for enabling product engineers to identify and analyze production yield, performance, reliability, and other issues; Process Control that provides failure detection and classification capabilities for monitoring, alarming, and controlling manufacturing tool sets; Test Operations that offer data collection and analysis capabilities; and Assembly Operations that provide device manufacturers with the capability to link assembly and packaging data, including fabrication and characterization data over the product life cycle.